Investigation of Insolvent Companies in Hong Kong: A Corporate Governance Crisis

Hong Kong Law Journal, Vol. 39, p. 59, 2009

Posted: 13 Jul 2009 Last revised: 12 Feb 2010

See all articles by Charles D. Booth

Charles D. Booth

Institute of Asian-Pacific Business Law, William S. Richardson School of Law, University of Hawaii at Manoa; University of Hawaii at Manoa - William S. Richardson School of Law

Stephen Briscoe

Briscoe & Wong

Philip Smart

The University of Hong Kong - Faculty of Law

Date Written: 209

Abstract

The authors discuss a corporate governance crisis in Hong Kong involving the investigation of insolvent companies. Over the last decade the rates paid to insolvency practitioners to handle 'summary cases' in liquidation has been steeply declining. At the current rate of HK$2,558 per case, it is not possible to undertake a proper investigation of the insolvent company. To address this problem, the authors propose that the government consider establishing a special investigations unit.

Suggested Citation

Booth, Charles D. and Briscoe, Stephen and Smart, Philip, Investigation of Insolvent Companies in Hong Kong: A Corporate Governance Crisis (209). Hong Kong Law Journal, Vol. 39, p. 59, 2009 , Available at SSRN: https://ssrn.com/abstract=1432958

Charles D. Booth (Contact Author)

Institute of Asian-Pacific Business Law, William S. Richardson School of Law, University of Hawaii at Manoa ( email )

University of Hawai'i at Manoa
2515 Dole Street
Honolulu, HI 96822-2328
United States

University of Hawaii at Manoa - William S. Richardson School of Law ( email )

2515 Dole Street
Honolulu, HI 96822-2350
United States

Stephen Briscoe

Briscoe & Wong ( email )

1801 Wing On House, 71 Des Voeux Rd
Central
Hong Kong

Philip Smart

The University of Hong Kong - Faculty of Law ( email )

Pokfulam Road
Hong Kong, Hong Kong
China

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